Ameresco Announces Acquisition Of Joint Forces Training Base-Los Alamitos Microgrid Asset; Over 54MW To Be Added To Energy Asset Portfolio; No Financial Terms Disclosed
Portfolio Pulse from Happy Mohamed
Ameresco, Inc. (NYSE:AMRC) has announced the acquisition of an energy resilience project from Bright Canyon Energy. The project, located at the Joint Forces Training Base in Los Alamitos, California, includes a microgrid, solar panels, and a battery energy storage system. The acquisition is part of a two-phase transaction between Ameresco and Pinnacle West Capital Corp, with the second phase involving the acquisition of Bright Canyon Energy Corporation set to close later in 2023.
August 10, 2023 | 9:07 pm
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Ameresco's acquisition of the energy resilience project will add over 54MW to its energy asset portfolio, potentially boosting its market position in the clean energy sector.
The acquisition of the energy resilience project will add significant capacity to Ameresco's energy asset portfolio, potentially enhancing its market position and competitiveness in the clean energy sector. This could lead to increased investor confidence and a potential rise in stock price.
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